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Daybright Financial
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Great Gray Trust Company
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3(16) Consultant

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California Senate Bill 41 Reshapes PBM Rules
Hinshaw & Culbertson LLP Link to more items from this source
[Guidance Overview]
Oct. 30, 2025

"The law bans discriminatory network steering, protects pharmacy ancillary services, and establishes new claims payment integrity rules. PBMs must be licensed by 2027 and owe a fiduciary duty to payers. These changes increase transparency, level the playing field for nonaffiliated pharmacies, and introduce new enforcement mechanisms, with provisions phasing in through 2029."  MORE >>

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